Answered



The lowest amount a manufacturer can pay factory workers is an example of



an incentive.


a price floor.


a price ceiling.


an elastic service.


which one is it help plz!

Verified Answer :

pristina

Answer: Price floor

Explanation:

A price floor is the legal minimum price control that is imposed by the government. It is binding when the equilibrium price is below the legal minimum price. At the price floor quantity supplied of a good is greater than its demand.Thus there is a surplus in the market at the price floor.

So, the lowest amount a manufacture can pay its factory workers is an example of a price floor.

Price ceiling is the maximum price that can be paid or charged for a good.

abiolataiwo2015

The lowest amount a manufacturer can pay factory workers is an example of: a price floor.

What is price floor?

Price floor  can be defined as the minimum or lowest price that is paid in the markets for goods or commodity and it is the least amount that producer tends to pay their workers.

Price floor tend to occur when the price charge is higher or lower than the equilibrium price.

Inconclusion  price floor is the lowest amount a manufacturer can pay factory workers.

Learn more about price floor here:https://brainly.com/question/26108287

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